VIDEO: Hogan’s Karen Fuhrmeister Delivers TEDx Talk at University of Tulsa

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Have you ever taken a Buzzfeed quiz to tell you what Harry Potter house you’re in? Or maybe what character from The Office you are most like? How much weight do you put on the results of those quizzes? Would you want companies making hiring decisions based on similar assessments?

In March, Hogan Senior Research Consultant Karen Fuhrmeister gave a TEDx Talk at the University of Tulsa on “The Science Behind Hiring Assessments: It’s Not a Waste of Time.” The talk aimed to inform students and other attendees about the use of personality assessments in the workplace, and how this trend isn’t going away any time soon. In fact, it’s becoming more and more likely that those going through the interviews will be asked to take one of these assessments.

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CEO Assessment and the Performance of Portfolio Companies

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*This post was co-authored by Robert Hogan and Rob Kaiser, and was originally published by Hunt Scanlon Media.

In the final analysis, business is about money and people. By definition, successful private equity firms understand finance, but on average they tend to be less sophisticated about people issues. This makes sense: deal partners and analysts are trained in finance and are good at spotting undervalued assets. But savvy private equity players also understand that reviving an underperforming business depends to a large degree on people issues—in particular, it depends on the leadership of the portfolio company and its working relationship with new ownership.

Considerable evidence suggests that PE firms could do a better job evaluating the ability of the leadership team in their acquired companies. A recent survey by Alix Partners found that nearly three-quarters of portfolio company CEOs are removed during the investment life cycle. Over half are replaced in the first two years; but only 15% are replaced at the outset. These data suggest that, for 4 out of the 5 replaced CEOs, the decision takes too long, thereby delaying strategic milestones and prolonging the hold time.

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VIDEO: Dr. Adrian Furnham Makes Special Visit to Hogan HQ

The Hogan team recently hosted Dr. Adrian Furnham at its global headquarters in Tulsa for a special visit. As one of leading personality psychologists in the world, Furnham has a been a vocal advocate of using Hogan for decades. He regularly points to Hogan in media interviews and articles as the most accurate predictor of workplace performance in the world, and he also was a key figure in the 2014 documentary, The Science of Personality.

As part of his visit, Dr. Furnham delivered a special presentation to the Hogan team highlighting the research he’s been doing. Here’s the full-length version of his talk:

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News from India

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India’s financial and commercial capital, Mumbai, played host to the inaugural Hogan Users Conference organized by ThreeFish Consulting, the Master Distributor for Hogan Assessments in India on February 27th. The series aims to provide an ideal platform for the Hogan Users Community in India to interact with luminaries in the field of leadership and talent development from India along with key global Hogan practitioners and leaders.

The inaugural Hogan Users Conference focused the spotlight on the interrelationship between personality, leadership, and performance, and featured panel discussions covering a wide range of topics. The list of speakers featured luminaries in the field of leadership and talent development from India along with key global Hogan practitioners and leaders, including Ryan Ross, Managing Partner, Hogan Assessments; Dustin Hunter, Practice Manager, International Distributors, Hogan Assessments; and Gus McIntosh CEO, Winsborough Consulting, the New Zealand Hogan Assessments distributor. Delegates also engaged in some post-lunch fun during the Fireside Chat session, when they shared some interesting stories using fun props!

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The 8 Personality Traits to Succeed in Cybersecurity

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Cybersecurity threats are on the rise. With the rapid increase of security breaches, company hacks and data leaks, cybercrime has become one of the most significant threats to global business. Skilled cybersecurity professionals are key for the safety of companies and governments, but there is an anticipated skills shortage of 1.8 million workers by 2022. The demand for talent in this space is at an all-time high, and there are some unique personality traits that recruiters and companies need to look out for.

At Hogan, we have helped some of the world’s top IT and cybersecurity firms recruit the right individuals. Our science-based assessments and 30 years of validated research found that there are eight personality characteristics best suited to a successful career in cybersecurity.

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RELEVANT’S and Odgers Berndtson´s JAM SESSION in Frankfurt to Feature Robert Hogan and Scott Gregory

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RELEVANT Managementberatung and Odgers Berndtson will host a JAM SESSION on July 4 in Frankfurt featuring Hogan Assessments Chairman & President Dr. Robert Hogan and CEO Scott Gregory as speakers.

The theme of the event is “New Leadership? Authentic in Turbulent Times,” and aims to provide an opportunity for all RELEVANT and Odgers customers, partners, and friends to come together, learn from case studies, and discuss how leadership in times of continued transformation might change.

With New Work expected to change everything, leadership faces completely new challenges. It is clear that there is insecurity in executive search and selection, management development, and career planning about which success factors from the past (may) still apply in the future and where new approaches are necessary. Even current managers are asking themselves whether they are fit for the future. Therein lies the purpose of this event: What can we learn from the past and how can leaders be successful and authentic in the future?

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Why Do Personality Tests Fail at Selection?

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A newly released book on the history of the Myers-Briggs Type Indicator (MBTI) has made waves for a round of press questioning the use of personality assessment for HR purposes. Time and again, these critiques tend to fall into one of three broad themes: The tests are biased and discriminatory, they aren’t relevant for the job, or they simply fail to predict performance. However, the questions raised by all these articles seem to make one common error: It’s difficult to distinguish scientifically proven, reliable tools from those that are poor quality.

Contrary to this recent round of press, high-quality personality assessments do actually predict performance, and much better than traditional recruitment methods such as resumés, interviews, and even cognitive assessments. Personality quizzes and other psychometric tests are quite trendy at the moment, so inexpensive options are everywhere. Unfortunately, you also get what you pay for.

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Unconscious Bias, Real-World Impact

*This is a guest blog post authored by Melvyn Payne, Commercial Director of Advanced People Strategies.

I was recently asked to support a successful senior leader – Chris – with some personal development insights from a recent 360 and set of Hogan Assessment results. Chris works in a fast-paced retail environment and has very high expectations for business success.

Having quickly achieved senior roles at a younger age than most colleagues, Chris finds it hard to understand why the broader management team and staff do not seem to respond to stretching targets. Very concerned about the potential negative impact on results, Chris recently ruled out an idea that emerged from a staff survey suggesting people who achieve their targets should be able to take time off as an incentive, rather than take a bonus.

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How Hogan’s Personality Assessments Improve Workplace Safety

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Each year, accidents and work-related illnesses cost billions of euros in needless business expenses. In 2017, Europe lost more than €476 billion – an amazing 3.3 % of the European Union GDP. That figure can be reduced with better occupational safety and health strategies, policies, and practices.  

The easiest way for companies to reduce these costs is to assess and predict potential candidates’ likely workplace safety behavior during the recruitment process. In traditional job interviews, candidates present the best versions of themselves, and this may not accurately portray their day-to-day behavior. In safety conscious industries—e.g., oil and gas, construction and medicine—being able to evaluate and predict a candidate’s safety behavior is crucial.

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Empower Leaders Consulting Hosts Successful Hogan China Event

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On Friday, March 22, Empower Leaders Consulting (ELC), one of Hogan’s China distributors, hosted a half-day Hogan event in Shanghai for its clients and their Hogan certified network. Nancy Zhang, founder and CEO of ELC, invited Hogan representative Krista Pederson to announce ELC’s official launch of the updated Hogan Assessment Certification Workshop and Advanced Certification Workshops in China.

ELC also invited two important clients, Dowell Real Estate Group and Faurecia Services Group, to share case studies on their Hogan use. Huang Xue, Director of HR Talent Development and Head of Culture at Dowell shared how Hogan has transformed Dowell company culture and become a crucial part of the entire employee lifecycle, from external and internal selection to high potential and leadership development. Wei Wei, Director of HR for greater China at Faurecia, explained how they have used Hogan for over a decade and how it has helped them address various talent needs during different cycles in the market.

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